If Smith is ruled out, then the left-hand batter Travis Head will lead the squad as he is the vice-captain of the side.
Australian batter Steve Smith is "focussed" on taking them all head on in the game beginning in Adelaide on Friday.
Virat Kohli top-scored with a fluent 84 as India overpowered Australia by five wickets to storm into the ICC Champions Trophy final, in Dubai, on Tuesday.
Glenn Maxwell's hopes of reviving his Test career may be over after the all-rounder missed out on selection in Australia's much-changed squad for the Sri Lanka tour.
Sri Lanka captain Charith Asalanka led by example and smashed a belligerent hundred to set up a 49-run victory over a depleted Australia.
Rohit Sharma's decision-making has come under intense scrutiny, especially after the team's failure to contain Australia's innings in the first session of Day 2.
India's mind games played a pivotal role in the dismissal of Australian batter Marnus Labuschagne.
The Australian media summed up their team's 295-run hammering by India in the opening Test with strong headlines such as 'Perth-etic Humiliation' and 'Monster Loss', former players called for some tough decisions, including sacking Marnus Labuschagne.
Travis Head's blistering century powered Australia's innings on Day 2 of the second Test against India
Virat Kohli booed by home fans after bumping shoulders with Konstas on the pitch after the 19-year-old smashed India's bowlers around the park early on.
Nathan McSweeney had a disappointing start to his international career after being ousted by Bumrah for 10 and zero in the first Test at Perth.
Top Australia batter Travis Head on Saturday shattered day-night Test records at Adelaide, continuing his golden run against India.
They will meet the winner of Wednesday's second semi-final between South Africa and New Zealand in the final in Dubai on Sunday.
India did not respect the match situation, the playing conditions, and the bowlers, and they've paid a price for it.
Josh Inglis smashed a maiden ODI century (120 not out) to lead Australia to a thrilling five-wicket victory over England in a high-scoring Champions Trophy match.
Josh Inglis slammed a brilliant century as Australia completed the highest chase in an ICC men's tournament against England in Lahore on Saturday.
Steve Smith became the 15th member of Test cricket's 10,000-run club as he and opener Usman Khawaja smashed hundreds to help Australia rack up 330/2 on the opening day of the first Test against Sri Lanka.
While Sheffield Shield game for South Australia on a bouncy track would have been ideal preparation for Perth, Head feels that he will relax bit before resuming training for the India series.
Images from Day 1 of the fourth Test between Australia and India at the Melbourne Cricket Ground on Friday.
Despite the challenging build-up, Gambhir said he is "extremely confident" of retaining the Border Gavaskar Trophy. The players will hope to be as confident as they prepare for the fight to keep their World Test Final chances alive.
Australia's selectors decided against sending any out-of-form batters Steve Smith and Marnus Labuschagne to play for the Prime Minister's XI against India.
Both teams have struggled in the ODI format recently. World champions Australia lost to Sri Lanka (0-2) and Pakistan (1-2) in their last two series, while England, now coached by Brendon McCullum in all formats, haven't won an ODI series since their disastrous 2023 World Cup campaign.
Nathan McSweeney is on the brink of a major debut, set to partner Usman Khawaja as Australia's opening batters in the series against India.
'He has not lived up to expectations.' 'If this was Shubman Gill from Tamil Nadu, he would have been dropped.'
Sunil Gavaskar believes India will struggle to defend even 200 if Jasprit Bumrah is unable to bowl at full throttle on Day 3 of the fifth and final Test against Australia
Sunil Gavaskar is in awe of Jasprit Bumrah's leadership qualities and reckons the peerless fast bowler will succeed Rohit Sharma as the next captain of the Indian team
The biggest positives with the bat in Perth were Virat Kohli regaining his rhythm and Jaiswal's coming of age hundred in his debut Test in Australia. Both will look to build on those significant gains in Adelaide.
With the series locked at 1-1, Brisbane could well decide the course of the rubber and whether Rohit's men would continue to be the master of their fate in the ongoing World Test Championship.
'Especially in the middle overs. That's going to be a key challenge.'
Their pre-tournament decision to fill the squad with five spinners drew a lot of flak from all corners, but it is now proving to be a masterstroke on the slow pitches in Dubai.
Speaking as quoted by Fox Sports, Waugh said, "I think they have picked the team on winning these last two Test matches."
With 539 scalps in 134 matches at an average of 30.39 and best figures of 5/39, Lyon is the seventh-highest wicket-taker in Tests and has 24 five-wicket hauls and five ten-wicket hauls.
Rookie Australia opener Nathan McSweeney admitted feeling "devastated" after being dropped for the last two Tests of the Border-Gavaskar Trophy series against India, but vowed to work hard to reclaim his spot in the national team.
Travis Head took 4-28 as Australia strangled England with spin before launching a rapid pursuit of their target with rain in the air to clinch the One-Day International series 3-2 following a 49-run win via Duckworth-Lewis-Stern in Bristol on Sunday.
'She knows everything that goes on behind the scenes.' 'I take pride in performing for the country. Feels amazing, the fact that she's here makes it more special.'
IMAGES from the 2nd ODI played between England and Australia at the Headingley Cricket Ground, Leeds, Britain, on Saturday.
India will be accorded a tough welcome to Australia as the Optus Stadium pitch for the opening Test of the Border-Gavaskar Trophy has been prepared to offer "good bounce and pace"
Australia will be without their premier pacers but their envious pedigree in ICC tournaments make them favourites to progress to the semi-finals of the Champions Trophy from Group B.
Images from Day 1 of the first Test between Australia and India in Perth, on Friday.
Boland is ready to step in once again for Josh Hazlewood, continuing the role of the perfect first substitute that has defined his 11-Test career.